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New Deal


Announced

Ontario Teachers’ Pension Plan to acquire HomeQ from Birch Hill.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Pending

Private Equity

Canada

Friendly

Private

Majority

Single Bidder

bank

Acquisition

Mortgage Finance

Synopsis

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Ontario Teachers’ Pension Plan, an administrator of Canada’s largest single-profession pension plan, agreed to acquire HomeQ, a provider of mortgage financing services, from Birch Hill, a private equity firm. Financial terms are not disclosed. “We are excited about the value Ontario Teachers’ will bring as we continue to serve Canada’s rapidly growing retiree population. Its long-term capital profile, track record of delivering retirement solutions and our shared vision of making a positive impact on the lives of retired Canadians makes Ontario Teachers’ a natural partner for us,” Steven Ranson, HomeEquity Bank President and CEO.

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